California California Corporation Franchise or Income Tax Return

California Corporation Franchise or Income Tax Return
2022 Form 100W California Corporation Franchise or Income Tax Return — Water’s-Edge Filers
TAXABLE YEAR

2023

California Corporation Franchise or
Income Tax Return — Water’s-Edge Filers

For calendar year 2023 or fiscal year beginning	
	

FORM

100W

and ending	

(mm/dd/yyyy)	(mm/dd/yyyy)

Corporation name	

California corporation number	

Additional information. See instructions. 	

RP

.

FEIN

California Secretary of State file number

Street address (suite/room no.)	

PMB no.

City (If the corporation has a foreign address, see instructions.)	

Foreign country name	

State	

ZIP code

Foreign province/state/county	

Foreign postal code

Schedule Q  Questions (continued on Side 2)
A  FINAL RETURN?  

•  • Dissolved  • Surrendered (withdrawn)  • Merged/Reorganized  • IRC Section 338 sale  • QSub election
Enter date (mm/dd/yyyy) •

	

B  1.	 Is income included in a combined report of a unitary group? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  • 
	 	

If “Yes,” indicate:	

• Wholly within CA (R&TC 25101.15)    • Within and outside of CA

	 2. 	 Is there a change in the members listed in Schedule R-7 from the prior year?  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• Yes  • No

•  • Yes  • No

	 3. 	 Enter the number of members (including parent or key corporation) listed in the Schedule R-7, Part I, Section A,
		 subject to income or franchise tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
	 4. 	 Is form FTB 3544 attached to the return?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 

• Yes  • No

C  1.	
	
	
	

During this taxable year, did this corporation or any of its subsidiaries acquire control or majority ownership (more than
a 50% interest) in another legal entity?
If yes, did the acquired entity(ies) own California real property (i.e., land, buildings), lease such property for a term of
35 years or more, or lease such property from a government agency for any term? If yes to both questions, answer yes. . . • 

• Yes  • No

	 2.	
		
		
		

During this taxable year, did another person or legal entity acquire control or majority ownership (more than a 50%
interest) of this corporation or any of its subsidiaries?
If yes, did the acquired entity(ies) own California real property (i.e., land, buildings), lease such property for a term of
35 years or more, or lease such property from a government agency for any term? If yes to both questions, answer yes.. . • 

• Yes  • No

	 3.	 Has California real property (i.e., land, buildings) transferred to the corporation that was excluded from property tax
		 reassessment under Revenue and Taxation Code Section 62(a)(2)?
		 If yes, during this taxable year, has more than 50% of the voting stock of this corporation cumulatively transferred in one
		 or more transactions and it was not reported on previous year's tax return? If yes to both questions, answer yes. . . . . . . . • 

• Yes  • No

State Adjustments

(Yes requires filing of BOE-100-B statement, penalties may apply – see instructions.)

1
2
3
4
5
6
7

Net income (loss) before state adjustments. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Amount deducted for foreign or domestic tax based on income or profits from Schedule A . . . . . . . . . . . . . . . . 
Amount deducted for tax under the provisions of the Corporation Tax Law from Schedule A . . . . . . . . . . . . . . . 
Interest on government obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Net California capital gain from Side 6, Schedule D, line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
Depreciation and amortization in excess of amount allowed under California law. Attach form FTB 3885 . . . . . . 
a  Net income from included CFCs from form FTB 2416, column (i). See instructions . . . . . . . . . . . . . . . . . . . . 
b  Net income from corporations not included in federal consolidated return. See instructions  . . . . . . . . . . . . . 
8 Other additions. Attach schedule(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
9 Total. Add line 1 through line 8  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

3621233

•
•
•
•
•
•
•
•
•
•

1
2
3
4
5
6
7a
7b
8
9

Form 100W  2023  Side 1

00
00
00
00
00
00
00
00
00
00

State Adjustments (cont.)
CA Net Income
Taxes
Payments
Refund or Amount Due

•
•
•
•
•
•
•

10 Intercompany dividend elimination. Attach Schedule H (100W)  . . . . . . 
10
00
11 a  Foreign dividend deduction. Attach Schedule H (100W)  . . . . . . . . . . 
11a
00
b  Dividends received deduction. Attach Schedule H (100W)  . . . . . . . . 
11b
00
12 Additional depreciation allowed under CA law. Attach form FTB 3885 . . 
12
00
13 Capital gain from federal Form 1120, line 8 . . . . . . . . . . . . . . . . . . . . . . 
13
00
14 Charitable Contributions  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
14
00
15 Other deductions. Attach schedule(s)  . . . . . . . . . . . . . . . . . . . . . . . . . . 
15
00
16 Total. Add line 10 through line 15  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
17 Net income (loss) after state adjustments. Subtract line 16 from Side 1, line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . 
18 Net income (loss) for state purposes. Complete Schedule R if apportioning or allocating income. See instructions.
19 Net operating loss (NOL) deduction. See instructions . . . . . . . . . . . . . . 
19
00
20 EZ, TTA, or LAMBRA NOL carryover deduction . . . . . . . . . . . . . . . . . . . . 
20
00
21 Disaster loss deduction. See instructions  . . . . . . . . . . . . . . . . . . . . . . . 
21
00
22 Net income for tax purposes. Combine line 19 through line 21. Then, subtract from line 18 . . . . . . . . . . . . . . . . 
23 Tax. 	
% x line 22 (at least minimum franchise tax, if applicable). See instructions . . . . . . . . . . . . . . . . 
24 Credit name 	
code   __ __ __ amount . . . . .  ▶ 24
00
25 Credit name 	
code   __ __ __ amount . . . . .  ▶ 25
00
26 To claim more than two credits, see instructions . . . . . . . . . . . . . . . . . . 
26
00
27 Add line 24 through line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
28 Balance. Subtract line 27 from line 23 (at least minimum franchise tax, if applicable) . . . . . . . . . . . . . . . . . . . . 
29 Alternative minimum tax. Attach Schedule P (100W). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
30 Total tax. Add line 28 and line 29  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
31 Overpayment from prior year allowed as a credit . . . . . . . . . . . . . . . . . . 
31
00
32 2023 Estimated tax payments. See instructions . . . . . . . . . . . . . . . . . . 
32
00
33 2023 Withholding (Form 592-B and/or 593). See instructions. . . . . . . . 
33
00
34 Amount paid with extension of time to file tax return . . . . . . . . . . . . . . . 
34
00
35 Total payments. Add line 31 through line 34  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
36 Tax due. If line 30 is more than line 35, subtract line 35 from line 30. Go to line 40 . . . . . . . . . . . . . . . . . . . . . . 
37 Overpayment. If line 35 is more than line 30, subtract line 30 from line 35  . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
38 Amount of line 37 to be credited to 2024 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
39 Refund. Amount of line 37 to be refunded. Line 37 less line 38  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
See instructions to have the refund directly deposited.

•
•
•

•
•

•

•
•
•
•

39a.  • Routing number	

	

16
17
18

00
00
00

•
•

22
23

00
00

•
•
•
•

27
28
29
30

00
00
00
00

•
•
•
•
•

35
36
37
38
39

00
00
00
00
00

•

40a

00

41

00

□ Checking
□ Savings   
39b.  • Type	

39c.  • Account number

40 a  Penalties and interest.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

•

•
•
•

□

b   
  Check if estimate penalty computed using Exception B or C on form FTB 5806. See instructions
41 Total amount due. Add line 36 and line 40a. Pay this amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule Q Questions (continued from Side 1)

D This return is being filed pursuant to a water’s-edge election under R&TC Section 25113,
commencing on . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter date (mm/dd/yyyy)	
E
F

• 
Was the corporation’s income included in a consolidated federal return? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •  □  Yes  □  No
Principal business activity code. (Do not leave blank):  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 
Business activity____________________________________________________________
Product or service___________________________________________________________

G Date incorporated (mm/dd/yyyy):

Where: 

• State

   Country

H Date business began in California or date income was first derived from California sources . . . . . . . . . . . . . . (mm/dd/yyyy) 

• 

I

•  □  Yes  □  No

Was the corporation an inactive business both within and outside of California during the taxable year? . . . . . . . . . . . . . . . .

Schedule Q Questions (continued on Side 3)

Side 2  Form 100W  2023

3622233

J First return? . . . . . . . . . . . . . .

•  □ Yes □  No  If “Yes,” and this corporation is a successor to a previously existing business, check the appropriate box.
• (1)  □  Sole proprietorship  (2)  □ Partnership  (3)  □  Joint venture  (4)  □  Corporation  (5)  □ Other

	

(Attach statement showing name, address, and FEIN/SSN/ITIN of p­ revious business.)

K “Doing business as” name. See instructions:  . . . . . . . . . . . . . . . . . . . . . . . .

•

L At any time during the taxable year, was more than 50% of the voting stock:

• □ Yes □ No
• □ Yes □ No
Of this and one or more other corporations owned or controlled, directly or indirectly, by the same interests? . . . . . . . . . . . . . . . . . . . . . . • □ Yes □ No
If 1 or 3 is “Yes,” enter the country of the ultimate parent. . . . . . . . . . . .  •

1. Of the corporation owned by any single interest?  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Of another corporation owned by this corporation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.

If 1, 2, or 3 is “Yes,” furnish a statement of ownership indicating pertinent names, addresses, and percentages of stock owned.
If the owner(s) is an individual, provide the SSN/ITIN and see FTB 1131 EN-SP, for more information.
M Has the corporation included a reportable transaction or listed transaction within this return? (See instructions for definitions) . . . . . . . . . . . .
If “Yes,” complete and attach federal Form 8886 for each transaction.
N Is this corporation apportioning or allocating income to California using Schedule R? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
O How many entities, if any, including this corporation, are claiming immunity from taxation in California under Public Law 86-272?
P Corporation headquarters are:. . . . . . . . . . . . . . . . 

•  (1)  □  Within California 

•

• □ Yes □ No
• □ Yes □ No

(2)  □  Outside of California, within the U.S.  (3)  □  Outside of the U.S.

Q Location of principal accounting records:

•

R Accounting method: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    (1)  □ Cash  (2)  □ Accrual  (3)  □  Other
S Does this corporation or any of its subsidiaries have a Deferred Intercompany Stock Account (DISA)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If “Yes,” enter the total balance of all DISAs  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

•$

• □ Yes □ No

• □ Yes □ No
Is this corporation treated as a REMIC for California purposes? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • □ Yes □ No
1. Is this corporation a REIT for California purposes? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • □ Yes □ No

T Is this corporation or any of its subsidiaries a RIC?  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
U
V

2. If question V1 is “Yes,” does the entity own any qualified REIT subsidiaries that are incorporated or qualified
  with the California Secretary of State? If yes, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• □ Yes □ No
W Is this corporation an LLC or limited partnership electing to be taxed as a corporation for federal purposes? . . . . . . . . . . . . . . . . . . . . . . . . . . • □ Yes □ No
If “Yes”, enter the effective date of the election (mm/dd/yyyy): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

• □ Yes □ No
Is the corporation under audit by the IRS or has it been audited by the IRS in a prior year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • □ Yes □ No

X Is this corporation to be treated as a credit union? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Y

Z Have all required information returns (e.g. federal Forms 1099, 5471, 5472, 8300, 8865, etc.) been filed with the Franchise Tax Board? □ N/A

□ Yes □ No
AA  Does the taxpayer (or any corporation of the taxpayer’s combined group, if applicable) own 80% or more of the stock of an insurance company? □ Yes □ No
BB  Did the corporation file the federal Schedule UTP (Form 1120)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • □ Yes □ No
CC  Does any member of the combined report own an SMLLC or generate/claim credits that are attributable to an SMLLC?  . . . . . . . . . . . . . . . . . • □ Yes □ No
DD  1. Has this business entity previously filed an unclaimed property Holder Remit Report with the State Controller’s Office? . . . . . . . . . . . . . . . • □ Yes □ No
  2. If “Yes,” when was the last report filed? (mm/dd/yyyy)  • ____________________  3.  Amount last remitted  ◾ $__________________ . _______
Sign
Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is
true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Signature
of officer 

▶

Title

• Telephone

Date

Officer’s email address (optional)

Paid
Preparer’s
Preparer’s signature  ▶
Use Only

Date

Firm’s name (or yours,
if self-employed)    
▶
and address

Check if selfemployed  ▶ □

     
PTIN

•

• Firm’s FEIN
• Telephone
     

May the FTB discuss this return with the preparer shown above? See instructions . . . . . . . . . . . . . . . . . . .  •
For Privacy Notice, get FTB 1131 ENG-SP.

3623233

□ Yes  □ No

Form 100W  2023  Side 3

Schedule A  Taxes Deducted. Use additional sheet(s) if necessary.
(a)
(b)
Nature of tax
Taxing authority

(c)
Total amount

Total. Enter total of column (c) on Schedule F, line 17, and total of column (d) on Side 1, line 2 or line 3.
If the corporation uses California computation method to compute the net income, see instructions. . . . . .
Schedule F Computation of Net Income. See instructions.

(d)
Nondeductible amount
00
00
00

Deductions

Income

  1	a	Gross receipts or gross sales___________________________________________

	 b	 Less returns and allowance____________________________________________ c) Balance. . . . . •	
 2	 Cost of goods sold. Attach federal Form 1125-A (California Schedule V) . . . . . . . . . . . . . . . . . . . . . . . .  •	
 3	 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	
 4	 Total dividends. Attach federal Schedule C (California Schedule H (100W)) . . . . . . . . . . . . . . . . . . . . . .  •	
 5	 a	 Interest on obligations of the United States and U.S. instrumentalities  . . . . . . . . . . . . . . . . . . . . . . .  •	
	b	
Other interest. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	
 6	 Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	
 7	 Gross royalties  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	
 8	 Capital gain net income. Attach federal Schedule D (California Schedule D) . . . . . . . . . . . . . . . . . . . . . .  •	
 9	 Ordinary gain (loss). Attach federal Form 4797 (California Schedule D-1)  . . . . . . . . . . . . . . . . . . . . . . .  •	
10	 Other income (loss). Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	
11	 Total income. Add line 3 through line 10  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	
12	 Compensation of officers. Attach federal Form 1125-E or
	 equivalent schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	 12	
00
13	 Salaries and wages (not deducted elsewhere) . . . . . . . . . . . . . .  •	 13	
00
14	 Repairs and maintenance  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 14	
00
15	 Bad debts  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	 15	
00
16	 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	 16	
00
17	 Taxes (California Schedule A). See instructions . . . . . . . . . . . . .  •	 17	
00
18	 Interest. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	 18	
00
19	 Charitable Contributions. Attach schedule . . . . . . . . . . . . . . . . .  •	 19	
00
20	 Depreciation. Attach federal
	 Form 4562 and FTB 3885 .  	 20
21	 Less depreciation claimed
	 elsewhere on return  . . . . .  	21a	
•	 21b	
00
22	 Depletion. Attach schedule  . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	 22	
00
23	 Advertising  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 23	
00
24	 Pension, profit-sharing plans, etc. . . . . . . . . . . . . . . . . . . . . . . .  	 24	
00
25	 Employee benefit plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 25	
00
26	a	Total travel and entertainment _________________________
	 b	 Deductible amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  •	 26b	
00
27	 Other deductions. Attach schedule  . . . . . . . . . . . . . . . . . . . . . .  •	 27	
00
28	 Total deductions. Add line 12 through line 27  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •	
29	 Net income before state adjustments. Subtract line 28 from line 11. Enter here and on Side 1, line 1  . . . •	

Schedule J Add-On Taxes and Recapture of Tax Credits. See instructions.
 1	LIFO recapture due to S corporation election, IRC Sec. 1363(d) deferral: $____________________  . . . . . .
 2	Interest computed under the look-back method for completed long-term contracts
	 (Attach form FTB 3834) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 3	Interest on tax attributable to installment:	 a	Sales of certain timeshares and residential lots  . . . . . . . . . . . .
	 	
b	Method for nondealer installment obligations . . . . . . . . . . . . . .
 4	IRC Section 197(f)(9)(B)(ii) election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 5	Credit recapture name:______________________________________________________________  . . . .
 6	Combine line 1 through line 5, revise Side 2, line 36 or line 37, whichever applies, by this amount. Write
	 “Schedule J” to the left of line 36 or line 37	  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Side 4  Form 100W  2023

3624233

1c	
2	
3	
4	
5a	
5b	
6	
7	
8	
9	
10	
11	

00
00
00
00
00
00
00
00
00
00
00
00

28	
29	

00
00

•	

1	

00

•	
•	
•	
•	
•	

2	
3a	
3b	
4	
5	

00
00
00
00
00

•	

6	

00

Schedule V Cost of Goods Sold
1	 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	
1	
00
2	 Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	
2	
00
3	 Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •	
3	
00
4	a	Additional IRC Section 263A costs. Attach schedule  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •	 4a	
00
	b	
Other costs. Attach schedule  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •	 4b	
00
5	 Total. Add line 1 through line 4b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	
5	
00
6	 Inventory at end of year  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 6	
00
7	 Cost of goods sold. Subtract line 6 from line 5. Enter here and on Side 4, Schedule F, line 2 . . . . . . . . . . . . . . 	
7	
00
Method of inventory valuation ▶ _____________________________________________________________________________________________
Was there any change in determining quantities, costs of valuations between opening and closing inventory? . . . . . . . . . . . . . . . . . . . .  □ Yes  □ No
If “Yes,” attach an explanation.
Enter California seller’s permit number, if any ▶ _____________________________________________________________
Check if the LIFO inventory method was adopted this taxable year for any goods. If checked, attach federal Form 970 . . . . . . . . . . . . . . . . . . . . . . . . . □
If the LIFO inventory method was used for this taxable year, enter the amount of closing inventory under LIFO_________________________________
Do the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the corporation?  . . . . . . . . . . . . . .  □ Yes  □ No
The corporation may not be required to complete Schedules L, M-1, and M-2. See Schedule M-1 instructions for reporting requirements.
Schedule L	 Balance Sheet	
Beginning of taxable year	
End of taxable year
Assets	
(a)	(b)	(c)	(d)
 1	Cash  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	
	
•
  2	a	Trade notes and accounts receivable . . . . . . . . . 		
•
) 	
	(	
)
  	b	
Less allowance for bad debts . . . . . . . . . . . . . . .  	 		(	
•	•
 3	Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	
		
•
  4	 Federal and state government obligations . . . . . . .  	
		
•
  5	 Other current assets. Attach schedule(s) . . . . . . . .  	
 6	Loans to stockholders/officers. Attach schedule . .  	
		
•
  7	 Mortgage and real estate loans . . . . . . . . . . . . . . .  	
		
•
  8	 Other investments. Attach schedule(s) . . . . . . . . .  	
		
•
  9	a	Buildings and other fixed depreciable assets . . .  	 		
•	
) 	
	(	
)
	 b	 Less accumulated depreciation . . . . . . . . . . . . .  	 		(	
•	•
10	a	Depletable assets . . . . . . . . . . . . . . . . . . . . . . . .  			
	(	
)
	 b	 Less accumulated depletion . . . . . . . . . . . . . . . .  		 (	)
		
11	 Land (net of any amortization) . . . . . . . . . . . . . . . .  	
		
•
12	a	Intangible assets (amortizable only)  . . . . . . . . .  	 		
•
) 	
	(	
)
	 b	 Less accumulated amortization . . . . . . . . . . . . .  	 		(	
	
13	 Other assets. Attach schedule(s) . . . . . . . . . . . . . .  	
		
•
14	 Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	
		
•
Liabilities and Stockholders’ Equity
15	 Accounts payable  . . . . . . . . . . . . . . . . . . . . . . . . .  	
		
•
16	 Mortgages, notes, bonds payable in less than 1 year 	
	
•
17	 Other current liabilities. Attach schedule(s) . . . . . .  	
18	 Loans from stockholders. Attach schedule(s) . . . .  	
		
•
19	 Mortgages, notes, bonds payable in 1 year or more 	
		
•
20	 Other liabilities. Attach schedule(s) . . . . . . . . . . . .  	
		
•
21	 Capital stock:	 a	 Preferred stock . . . . . . . . . . . . . .
		
•
			
b	 Common stock  . . . . . . . . . . . . . .
	
	
•	•
22	 Paid-in or capital surplus. Attach reconciliation . . .  	
		
•
23	 Retained earnings – Appropriated. Attach schedule . 	
•		•
24	 Retained earnings – Unappropriated . . . . . . . . . . .  	
•	
	•
25	 Adjustments to shareholders’ equity. Attach schedule
	(	
)
	(	
26	 Less cost of treasury stock . . . . . . . . . . . . . . . . . . 
27	 Total liabilities and stockholders’ equity  . . . . . . 

3625233

Form 100W  2023  Side 5

)

Schedule M-1	 Reconciliation of Income (Loss) per Books With Income (Loss) per Return.
	
If the corporation completed federal Schedule M-3 (Form 1120/1120-F), see instructions.
1	 Net income per books . . . . . . . . . . . . . . . . . . . . . . •
2	 Federal income tax  . . . . . . . . . . . . . . . . . . . . . . . . •
3	 Excess of capital losses over capital gains  . . . . . . •
4	 Taxable income not recorded on books this year
	(itemize)__________________________________

  7	

Income recorded on books this year not
	 included in this return (itemize)
	 a	 Tax-exempt interest
$_____________
	 b	 Other. . . . . . . . . . . . . . . $_____________
	c	
Total. Add line 7a and line 7b. . . . . . . . •

•
 8	 Deductions in this return not charged
5	 Expenses recorded on books this year not deducted
	 against book income this year (itemize)
	 in this return (itemize)
	 a	 Depreciation  . . . . $_________________
	 a	 Depreciation . .  $_________________________
	 b	 State tax refunds . $_________________
	 b	 State taxes  . . .  $_________________________
	 c	 Other. . . . . . . . . . . $_________________
	 c	 Travel and
	d	
Total. Add line 8a through line 8c . . . . . •
		entertainment .  $_________________________
 9	 Total. Add line 7c and line 8d . . . . . . . . . .
	 d	 Other . . . . . . . .  $_________________________
10	 Net income per return.
	e	
Total. Add line 5a through line 5d . . . . . . . . . . . •
	 Subtract line 9 from line 6 . . . . . . . . . . . . . . 
6	 Total. Add line 1 through line 5e . . . . . . . . . . . . . . . 
Schedule M-2	 Analysis of Unappropriated Retained Earnings per Books (Side 5, Schedule L, line 24)
	 ________________________________

•
2	 Net income per books . . . . . . . . . . . . . . . . . . . . . . •
1	 Balance at beginning of year . . . . . . . . . . . . . . . . .
3	
	
	
	

Other increases (itemize)_____________________
_________________________________________
_________________________________________
_______________________________________ •

4	 Total. Add line 1 through line 3 . . . . . . . . . . . . . . . . 

Distributions:	 a	 Cash . . . . . . . . . . . . . . . •
		
b	 Stock . . . . . . . . . . . . . . •
		
c	 Property . . . . . . . . . . . . •
 6	 Other decreases (itemize)_______________
	 _________________________________ •
 7	 Total. Add line 5 and line 6  . . . . . . . . . . . . . .
  8	 Balance at end of year.
	 Subtract line 7 from line 4 . . . . . . . . . . . . . •
  5	

Schedule D California Capital Gains and Losses
Part I	 Short-Term Capital Gains and Losses – Assets Held One Year or Less. Use additional sheet(s) if necessary.	
(a)
(b)
(c)
(d)
(e)
Date sold
Kind of property and description
Date acquired
Gross sales
Cost or other
(mm/dd/yyyy)
(Example, 100 shares of Z Co.)
(mm/dd/yyyy)
price
basis plus
expense of sale
  1	
	
	
	
	
 2	Short-term capital gain from installment sales from form FTB 3805E, line 26 or line 37 . . . . . . . . . . . . . . . . . . . . . . . . 	 2	
  3	 Unused capital loss carryover from 2022  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 3	
 4	Net short-term capital gain (loss). Combine line 1 through line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •	 4	
Part II	 Long-Term Capital Gains and Losses – Assets Held More Than One Year. Use additional sheet(s) if necessary.
 5	
	
	
	
	
 6	Enter gain from Schedule D-1, line 9 and/or any capital gain distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 6	
  7	 Long-term capital gain from installment sales from form FTB 3805E, line 26 or line 37 . . . . . . . . . . . . . . . . . . . . . . . . . 	 7	
 8	Net long-term capital gain (loss). Combine line 5 through line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •	 8	
 9	Enter excess of net short-term capital gain (line 4) over net long-term capital loss (line 8)  . . . . . . . . . . . . . . . . . . . . . . . . 	 9	
10	 Net capital gain. Enter excess of net long-term capital gain (line 8) over net short-term capital loss (line 4) . . . . . . . . . . . 	 10	
11	 Total lines 9 and 10. Enter here and on Form 100W, Side 1, line 5.
	 If losses exceed gains, carry forward losses to 2024  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 11	

Side 6  Form 100W  2023

3626233

(f)
Gain (loss)
(d) less (e)
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00